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China Accounting Services for SMEs

Updated:2018-4-23 17:06:52    Source:www.tannet-group.comViews:393

China accounting services for SMEs is a necessity, as your business will be judged by the classic financial measures: the balance sheet, the profit and loss statement, and the cash flow statement. Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities. Generally, accounting is facilitated by accounting organizations such as standard-setters, accounting firms and professional bodies.

Outsourcing your business accounting to professional agency like Tannet will not only save costs, but also ensure compliance with accounting standards. In addition, such service also helps improve business management and profitability through professional analysis and suggestions made based on relevant information.

Roles of Professional Accountants/Agency in Business
Competent accountancy professionals is an invaluable asset to the company who will assist with corporate strategy, provide advice and help businesses to reduce costs, improve their top line and mitigate risks. The importance of the role of professional accountants in business in ensuring the quality of financial reporting cannot be overly emphasized. Those professionals use their skills and intimate understanding of the company and the environment in which it operates.

There are sources of financing and technical assistance available to start-up businesses that are given by various organizations and agencies that wish to spur the development of small business. If required, you may feel free to contact Tannet at anytime.

Why you need accounting services in China
All foreign-invested enterprises in China are required to prepare annual financial statements, including balance sheets and income statements for their annual Chinese audit. RMB is the base currency for ledgers and financial reports. For enterprises using currencies other than RMB in their business transactions, the foreign currency can be used as the bookkeeping base currency. However, the financial reports are required to be shown in RMB. Furthermore, accounting records have to be maintained in Chinese. Foreign-invested enterprises can choose to use only Chinese or a combination of Chinese and a foreign language.

Tannet accounting services include:
We can assist companies of all sizes with their accounting needs based on to the Chinese law, including but not limited to:
1. Accounting, financial reporting and consolidation;
2. The preparation of management and statutory accounts;
3. Arranging audits;
4. VAT advice, registration and related services;
5. Financial modeling and forecasting;
6. Preparation of business plans;
7. Preparation and filling of tax returns;
8. Tax computation and submission;
9. Debt analysis and recovery services.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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